Coinbase and Block, Inc. are the only crypto companies in the S&P 500. Traders are eyeing MicroStrategy for inclusion. The firm announced acquiring 4,048 BTC for $449 million, now holding 636,505 BTC valued at $70 billion. Speculation surrounds MicroStrategy joining the S&P 500 list soon.
Robinhood, with a $88.25 billion market cap, could join the S&P 500 list. An analyst believes either Robinhood or AppLovin Corporation might join on Sep. 5. If added, Robinhood could outperform Palantir Technologies. Despite strong Q2 results, Robinhood has faced committee snubs.
MicroStrategy stock jumped after acquiring Bitcoin. Traders anticipate S&P 500 inclusion soon. Robinhood and AppLovin Corporation are also potential candidates for S&P 500 inclusion. Robinhood’s market cap puts it in contention for the prestigious list.
Read more at Yahoo Finance: As MicroStrategy eyes S&P 500, analyst sees ‘good chance’ for Robinhood
